Search found 108 matches

by Rwsawbones
Thu Nov 14, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: Insurance coverage outside the US
Replies: 4
Views: 293

Re: Insurance coverage outside the US

Suggest you look into GeoBlue and similar plans for coverage out of the United States
by Rwsawbones
Thu Nov 14, 2019 8:13 pm
Forum: Personal Consumer Issues
Topic: Insurance coverage outside the US
Replies: 4
Views: 293

Re: Insurance coverage outside the US

Suggest you look into GeoBlue and similar plans for coverage out of the United States
by Rwsawbones
Sun Nov 10, 2019 7:42 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 101
Views: 6155

Re: If you were forced to pick an alternative asset...

I know my ideas do break the rule regarding being held in brokerage accounts but you might consider an ETF or mutual fund of international real estate investment trusts. A second place to look is a donor advised charitable trust which FIDO and others have. You could put several years of contribution...
by Rwsawbones
Wed Nov 06, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Does umbrella insurance premium change over time?
Replies: 13
Views: 882

Re: Does umbrella insurance premium change over time?

The premium does indeed depend on exposures in terms of young drivers, numbers of cars, numbers of residences, power boats, snow mobiles and the like. But much older people in late 60s and above see a very high increase in premium. Maybe old folks are riskier drivers similar to teenagers.
by Rwsawbones
Tue Oct 08, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Asset protection
Replies: 34
Views: 3247

Re: Asset protection

It may be possible for your wife to be added to the MD’s policy as a separate insured with her own limits of coverage. This is apt to be much more economical than having her own policy. In MA NPs affiliated with an MD can have $3mill per event with a total of $6 per year for a occurrence premium of ...
by Rwsawbones
Tue Oct 08, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Asset protection
Replies: 34
Views: 3247

Re: Asset protection

It may be possible for your wife to be added to the MD’s policy as a separate insured with her own limits of coverage. This is apt to be much more economical than having her own policy. In MA NPs affiliated with an MD can have $3mill per event with a total of $6 per year for a occurrence premium of ...
by Rwsawbones
Thu Oct 03, 2019 8:57 pm
Forum: Investing - Theory, News & General
Topic: Over Confident in Old-age: Cognitive Decline and Financial Literacy
Replies: 83
Views: 7907

Re: Over Confident in Old-age: Cognitive Decline and Financial Literacy

I understand the dilemma of not being able to judge one’s own competence. Simplifying one’s holdings, use of SPIAs, seeing to it that one’s significant others can help with finances, or at the very least are empowered to view the investment accounts even if not authorized to run the accounts are goo...
by Rwsawbones
Sat Aug 17, 2019 10:24 pm
Forum: Personal Investments
Topic: Don’t put new money in market right now??
Replies: 59
Views: 7866

Re: Don’t put new money in market right now??

I am a 78 year old practicing physician who financially could easily have left practice years ago. I enjoy my work. I have DCAveraged for about 50 years. During that time I experienced all manner of financial and world crises. The advantage of DCA is that it makes one psychologically able to deal wi...
by Rwsawbones
Mon Jul 15, 2019 8:24 pm
Forum: Personal Consumer Issues
Topic: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]
Replies: 31
Views: 2857

Re: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]

You can use an American Gold Eagle for jewelry and a Canadian Gold Maple Leaf to admire.
by Rwsawbones
Fri Jul 12, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Would Love Some Guidance On An Umbrella Policy
Replies: 28
Views: 2203

Re: Would Love Some Guidance On An Umbrella Policy

You have been given excellent advice above. It would be a good idea to get competent legal advice on asset protection as well. While your assets may not be very much at this point they will increase with time. It is best to be a small target for plaintiffs of all sort. Planning now can stand you in ...
by Rwsawbones
Fri Jul 12, 2019 1:32 pm
Forum: Personal Consumer Issues
Topic: Automatic Watches
Replies: 92
Views: 6472

Re: Automatic Watches

Clearly quartz watches and cell phones give better time than mechanical watches. Quartz was what I wore until my 25 th anniversary in 2003. DW had saved $25 a week for 25 years and bought me a gold Rolex (they cost much less 16 years ago than now). Clearly I did not have 25 years to save up for her’...
by Rwsawbones
Wed Jul 10, 2019 7:42 pm
Forum: Personal Investments
Topic: VOO vs bonds
Replies: 62
Views: 3438

Re: VOO vs bonds

The last AAA rated corporate bond I bought was GE in about 2003. The coupon was 5% and they matured in about 2013. I believe that there was a power service company in Washington State nicknamed WHOOPS that issued tax free bonds that were AAA rated before the company went into bankruptcy in the 1980s...
by Rwsawbones
Mon Jul 01, 2019 9:06 pm
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 29264

Re: Man’s life savings stolen from hijacked cellphone number

Most of my assets are at FIDO. Profit sharing and IRA plans require paperwork to do withdrawals. Non tax deferred plans have stops on them to prevent moving money from FIDO. The iPad on which this is written has no email function. It has FIDO and BofA and It does have stored passwords which require ...
by Rwsawbones
Fri Jun 28, 2019 11:44 am
Forum: Personal Investments
Topic: Metlife Flexible Premium Variable Live Insurance---cash value
Replies: 7
Views: 433

Re: Metlife Flexible Premium Variable Live Insurance---cash value

Can one do a 1035? exchange of a cash value policy on one’s own life for an annuity with one’s spouse with 100% to the survivor?
by Rwsawbones
Thu Jun 20, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy went up 166%
Replies: 34
Views: 3715

Re: Umbrella policy went up 166%

There is another time in life when umbrella policies jump in price namely old age. About age 70 my USAA umbrella premium almost doubled with no other changes in exposures. The underwriters May be concerned about potential for disastrous accidents caused by a medical disablement.
by Rwsawbones
Sat Jun 01, 2019 2:22 pm
Forum: Personal Investments
Topic: Bond fund profiles - which is the safer one?
Replies: 4
Views: 332

Re: Bond fund profiles - which is the safer one?

Oops I did not read the the attachments. Clearly bond fund 2 with the higher quality bonds and lower expense ratio is the safer choice. Neither fits my portfolio since I use the bond funds for ballast and stick to treasure index funds in tax deferred and I bonds and municipal funds and individual mu...
by Rwsawbones
Sat Jun 01, 2019 2:08 pm
Forum: Personal Investments
Topic: Bond fund profiles - which is the safer one?
Replies: 4
Views: 332

Re: Bond fund profiles - which is the safer one?

You need more information such as the makeup of the quality of the bonds in both funds and the 30 day Sec yield. With the limited information you supplied the one with the lowest expense ratio is the better choice. But I cannot pick either one for my portfolio without more information. You also need...
by Rwsawbones
Sat Jun 01, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Cashback cards - what's left for me?
Replies: 29
Views: 2818

Re: Cashback cards - what's left for me?

Fidelity has a card that gives back 2% of all purchases deposited into your money market account which has a current interest rate about 2%. If you do not have a Fidelity money market account you can open one with a nominal deposit
by Rwsawbones
Tue May 28, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help understanding health insurance for a 4 month gap
Replies: 6
Views: 764

Re: Help understanding health insurance for a 4 month gap

Expenses for illness in 29 year old is likely to be much more than accidents. Going with COBRA is the best course. Even most of the high expenses for accidents are medical complications. The devil is in the details which can be difficult for even a medical professional to understand.
by Rwsawbones
Tue May 28, 2019 9:04 pm
Forum: Personal Investments
Topic: On Life Insurance, Can the Net Cash Value Exceed the Death Benefit?
Replies: 12
Views: 1199

Re: On Life Insurance, Can the Net Cash Value Exceed the Death Benefit?

It would help to know the date of death. If soon the death benefit would be received without any taxes by the beneficiaries. If the policy is cashed in while alive income taxes as noted above will be due on the difference between cash received and premiums paid. On a small policy the amounts are sma...
by Rwsawbones
Tue May 21, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5186

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

You might look into taking over the practice of a solo soon to retire pediatrician. You will then have a template for your own practice without which it is almost impossible to form a practice these days. The retiring MD will be invaluable As your practice become busier you can bring additional NPs ...
by Rwsawbones
Sat May 11, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Disability: Fibromyalgia
Replies: 31
Views: 3840

Re: Social Security Disability: Fibromyalgia

The most important strategy is persistence. If turned down at one level always appeal. The end game is before an administrative law judge who will ask the applicants the questions needed to support immediate benefits. There will be one large payment for the previous 6 months to be followed by monthl...
by Rwsawbones
Sat Apr 27, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 164
Views: 12182

Re: Why I don't think I should get long term care insurance right now

It is not only the elderly who require long term care. Illness and injury result in about 20 % of LTC Residents being younger than 50. Ailments that one can collect in one’s 50s can make one uninsurable
by Rwsawbones
Wed Apr 24, 2019 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8695

Re: What, if anything, do I owe this guy?

You might feel better if you send him a polite note thanking him but declining his services and enclosing say. $200 gift certificate for a nice local restaurant In the future if a financial person wants to take you to a restaurant you should either decline the visit or if you feel you must accept it...
by Rwsawbones
Fri Mar 15, 2019 7:47 pm
Forum: Personal Consumer Issues
Topic: best way to sell a coin collection
Replies: 33
Views: 2871

Re: best way to sell a coin collection

Do you know any coin collectors? There may be some value in some of the coins. Dealers like to buy all material at “generic”. prices. A collector can help. There is a book. Guide Book of US Coins” also known as the Red Book (for its cover). The 2020 edition is coming out soon. The book has high reta...
by Rwsawbones
Tue Mar 05, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - again
Replies: 49
Views: 4753

Re: Umbrella insurance - again

Have 2 homes 3 cars 1 small motor boat. Just DW and me Live in a suburb of Boston 2nd house is in Maine where the 3rd car is garaged and rarely driven. 5 million dollar umbrella with USAA has yearly premium if $2300. Does this strike the posters as a reasonable cost?
by Rwsawbones
Thu Feb 28, 2019 8:32 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway buys Whole Life Insurance Policies?
Replies: 17
Views: 2380

Re: Berkshire Hathaway buys Whole Life Insurance Policies?

It is likely that Berkshire Hathaway gets a major tax advantage with the purchase which includes the purchase price and associated loss. Plus additional premiums are a tax deductible business expense. But as consumers of such products we pay premiums with pretax funds.
by Rwsawbones
Thu Feb 28, 2019 8:22 pm
Forum: Personal Consumer Issues
Topic: Financial solicitation by my doctor
Replies: 71
Views: 8941

Re: Financial solicitation by my doctor

Such a request if really made by a treating physician is unethical. It is likely the physician is employed. Employers of physicians are not bound by medical ethics. You can ask the physician if your status as a contributor or non contributor will affect your care. This question should elicit a sense...
by Rwsawbones
Wed Feb 27, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do you think I need disability insurance?
Replies: 11
Views: 836

Re: Do you think I need disability insurance?

For reasons the other posters mentioned you should be insured. She should have more than 5K per month. Would her current insurer add a rider guaranteeing her the right to purchase more as her income increases?
by Rwsawbones
Sat Feb 23, 2019 4:29 pm
Forum: Personal Investments
Topic: Question about investing in bonds
Replies: 29
Views: 3181

Re: Question about investing in bonds

Accumulating I Bonds can be useful. A couple can buy 25K yearly 10K each with Treasury Direct and 5K in paper bonds with tax refund. They have no current taxes and more or less keep up with inflation the less being due to taxation when withdrawn. There was a time when a couple could buy 120k per yea...
by Rwsawbones
Fri Feb 22, 2019 11:55 pm
Forum: Personal Consumer Issues
Topic: Tip amount for daily newspaper delivery
Replies: 40
Views: 6875

Re: Tip amount for daily newspaper delivery

My delivery woman puts my 3 daily and 1 Sunday newspapers wrapped in plastic on my porch early each morning. I am happy to give her $500 each December.
by Rwsawbones
Fri Feb 22, 2019 11:19 pm
Forum: Personal Investments
Topic: Retirement plan for two physician office
Replies: 18
Views: 2469

Re: Retirement plan for two physician office

77 year old MD solo practice. You could look into a profit sharing plan. Many mutual fund companies have these Mine is with FIDO. They are very inexpensive to set up and administer. Your practice contributes the same % for the owners and employees. The maximum contribution is about $55K so in fact t...
by Rwsawbones
Fri Feb 22, 2019 5:39 pm
Forum: Personal Investments
Topic: Beware of the Edward Jones neighborly visit.
Replies: 89
Views: 9356

Re: Beware of the Edward Jones neighborly visit.

A 77 year old practicing geriatrician sees this activity as elder abuse. It would be good if a questionnaire were devised so that it could be documented a person over 60 understanding of proposed financial transactions with a copy being left with the elder and a copy placed with the elder’s accounts...
by Rwsawbones
Wed Feb 20, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Family member duped into life insurance -- any recourse?
Replies: 84
Views: 7896

Re: Family member duped into life insurance -- any recourse?

I am a 77 year old Geriatrician. This deal may indeed be a form of elder abuse. If your mother would agree it might be helpful to ask her physician to refer her for neuropsychological testing. While apparently high functioning many elders have loss of ability to follow and understand a slick present...
by Rwsawbones
Wed Feb 20, 2019 7:57 pm
Forum: Investing - Theory, News & General
Topic: LLC for short sale
Replies: 3
Views: 349

Re: LLC for short sale

?? Would brokers require a personal guarantee. Bankers do
by Rwsawbones
Tue Feb 19, 2019 4:04 pm
Forum: Personal Investments
Topic: PIMCO Total Return Fund
Replies: 10
Views: 1108

Re: PIMCO Total Return Fund

You can buy up to 25k per two people per year of I bonds in taxable and look into low ER municipal bond funds for taxable
by Rwsawbones
Sun Feb 17, 2019 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care issues -- quality, accessibility, and tail risk
Replies: 60
Views: 2917

Re: Long term care issues -- quality, accessibility, and tail risk

CCRC fees can include essentially LTCI in that they may include coverage for assisted living if that becomes necessary and long term care in a nursing home should that become necessary. Usually when moving into a CCRC one buys the condo for independent living and then pays a monthly fee. One can usu...
by Rwsawbones
Sat Feb 16, 2019 12:29 am
Forum: Personal Consumer Issues
Topic: Medicare Fraud?
Replies: 25
Views: 2080

Re: Medicare Fraud?

Beware of supplies for diabetics. As an MD I have to beware that I don’t sign off on these frauds. It is the fraudsters hope and probably experience that docs swamped with paperwork will sign orders for unneeded supplies. Patients too have to beware that not become a party to fraud. Florida seems to...
by Rwsawbones
Fri Feb 15, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care issues -- quality, accessibility, and tail risk
Replies: 60
Views: 2917

Re: Long term care issues -- quality, accessibility, and tail risk

One of the reasons the homes you visited are so bad is their Medicaid certification. Medicaid pays less than cost of care which means private pay including folks with LTC insurance need to make up the difference. Given the choice you should look at homes that are not Medicaid certified. You will get...
by Rwsawbones
Fri Feb 01, 2019 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage "Benefits"
Replies: 108
Views: 9927

Re: Marriage "Benefits"

I have been married to DW for more than 40 years. We are 77 years old. If I leave the earth before her I hope she finds a wonderful man and continues to have a wonderful life. I have advised her against getting married again. If married she would be responsible for his debts including possible nursi...
by Rwsawbones
Fri Feb 01, 2019 5:39 pm
Forum: Personal Investments
Topic: RMD at 70.5 - what am I missing?
Replies: 60
Views: 4796

Re: RMD at 70.5 - what am I missing?

RMDS can result in higher part B Medicare premiums since they increase with income. This can result in a premium as high as $438 per month per person in steps from the base premium of $135 per month per person. I believe that partD monthly premiums taken from one’s SS also increase with income. The ...
by Rwsawbones
Thu Jan 31, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Asset protection question
Replies: 9
Views: 1100

Re: Physician Asset protection question

You need good legal advice from an attorney in your state. In my state not yours a house in your wife’s name would be exposed to her creditors. A home owned by tenants by entireties would not be exposed to either of your creditors while you are both alive and married. My state has a homestead exempt...
by Rwsawbones
Thu Jan 24, 2019 10:27 pm
Forum: Personal Consumer Issues
Topic: Out-of-state car registration complications for college student?
Replies: 20
Views: 11647

Re: Out-of-state car registration complications for college student?

It is probably best to have the most frequent driver in this case obviously your daughter own, register, and insure the car to avoid yourself being liable for damages in any accident. In my empty nest family my DW is the owner of the car she uses most of the time and I own the other car.
by Rwsawbones
Sat Jan 19, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: delete
Replies: 17
Views: 1017

Re: Risk Definition By Warren Buffet

After taxes it is difficult for TIPS to keep up with inflation whereas stock investments do have a shot of keeping up with or exceedingly inflation after taxes
by Rwsawbones
Thu Jan 17, 2019 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Getting Umbrella Written Policy Terms in Advance of Buying Policy
Replies: 6
Views: 631

Re: Getting Umbrella Written Policy Terms in Advance of Buying Policy

USAA has always given good service Their umbrella coverage may be unusually expensive. While I was inattentive my premium almost doubled in the last few years without change in exposures and coverages
by Rwsawbones
Thu Jan 17, 2019 10:26 pm
Forum: Personal Consumer Issues
Topic: Any admission pointers from pre- med/ med students?
Replies: 58
Views: 3573

Re: Any admission pointers from pre- med/ med students?

If you played high school or even worse college football try to not inform medical school admissions people of that fact. It takes a long time to educate and train a physician. Medical schools do not relish producing physians with symptomatic loss of brain tissues in their 50s. All people lose brain...
by Rwsawbones
Sun Dec 30, 2018 12:28 pm
Forum: Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 9595

Re: Opinions sought $3.5 M Net Worth

Another option for you is a totally different line of work Consider much less stressful less remunerative work that would put some money towards living expenses and also pay your medical insurance. Medical insurance premiums can easily cost $20,000 per year or more for a middle aged couple. Every do...
by Rwsawbones
Sat Dec 29, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance to buy?
Replies: 32
Views: 2841

Re: How much term life insurance to buy?

If you have not already done so you should also obtain disability insurance. Long term disability is a financial living death. Expenses are likely to increase at the same time income is cut. Social Security does provide disability payment but the amount is small and qualification is not easy
by Rwsawbones
Fri Dec 28, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: Worst investing year ever....
Replies: 103
Views: 18228

Re: Worst investing year ever....

1999 and early 2007 and 2017 were bad years to invest. 2001 and the end of 2008 and the end of this year have been and are good years to invest. Still best to buy as low as possible and sell as high as possible. I do agree that market timing is futile but a regular investment plan does scoop up oppo...
by Rwsawbones
Mon Dec 24, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Sole proprietor? S Corp? Or C Corp?
Replies: 1
Views: 268

Re: Sole proprietor? S Corp? Or C Corp?

You definitely need good tax law advice There are tax attorneys who are also CPAs. Your colleagues or friends in private medical practice in your area can refer you. In my part of the country (Ma) the usual practice form is an LLC or S Corp. If you have not already done do you should look into a Keo...